Netlist IPO Priced at the Low End of the Range

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Netlist (NLST) has been an IPO that hasn’t been "on again, off again" but it has been one that has been on the IPO docket without a resounding "We love you" from the street. 

This IPO finally priced at $7.00 for 6.25 million shares, so the priced the whole deal but at they low end of the $7.00 to $9.00 range.  The company actually made its IPO filing in August, and we put out quite a bit of data on it at the time. The underwriting group was listed as Thomas Weisel, Needham, and W.R.Hambrecht.  Here is a link to find more, but right now it seems they had to price the deal a little low to garner interest.

Netlist is an Irvine, California-based company that designs and builds memory systems or modules used by computer manufacturers.  IBM (IBM) and Dell (DELL) are responsible for nearly 80% of their revenues.

HERE is a background piece on the company we ran at the filing date.

Jon C. Ogg
November 30, 2006

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